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EARNINGS PER COMMON SHARE ("EPS") (Tables)
 6 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$49,251 $59,066 $110,575 $87,103 
Dividends and undistributed earnings allocated to participating securities(815)(1,113)(1,773)(1,683)
Basic net earnings available to common stockholders48,436 57,953 108,802 85,420 
Undistributed earnings allocated to nonvested restricted stockholders791 1,083 1,724 1,620 
Reallocation of undistributed earnings to nonvested restricted stockholders(791)(1,082)(1,723)(1,619)
Diluted net earnings available to common stockholders$48,436 $57,954 $108,803 $85,421 
Total weighted-average basic common shares outstanding29,212,301 31,520,505 29,731,797 32,158,994 
Effect of dilutive securities(1)
Performance share units12,061 14,517 17,035 16,490 
Total effect of dilutive securities12,061 14,517 17,035 16,490 
Total weighted-average diluted common shares outstanding29,224,362 31,535,022 29,748,832 32,175,484 
Net earnings per common share:
Basic earnings per common share$1.66 $1.84 $3.66 $2.66 
Diluted earnings per common share(2)
$1.66 $1.84 $3.66 $2.65 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended March 31, 2022 and 2021, respectively, were 491,621 and 605,459 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2022 and 2021, respectively, were 484,457 and 633,553 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.